There are different types of jets, ranging from small six-seater, low-range planes to larger airliners able to fly long distances. The most common jet options available include:

• Very light jets: The smallest option for private jets, these planes can hold between four and seven guests and can fly up to about three hours. Prices start at less than a million for used models and between $2.98 million and $4.5 million for new models.
• Light jets: A little bigger than the very light jets but still compact, these jets carry up to eight passengers and can hold a bathroom. New light jet prices range from $5.75 million to $11.89 million to buy.   
• Midsize jets: With a capacity of about five hours of travel at a time, midsize jets work well for both short and mid-range flights. Midsize jets also have more storage space and a larger cabin. Prices range from $9.9 million for a smaller midsize jet to $29.97 million for super midsize jets.
• Heavy business jets: These have a significant amount of more space, holding at least ten passengers and boasting features such as pull-out tabletops and fully-equipped kitchens. On average, heavy business jets cost between $15 million and $30 million.
• Ultra long range heavy jets: Jets like these hold enough space to act as flying hotel rooms. With full-size beds and room to stretch out, they can hold up to 17 passengers and travel up to 6,500 miles. On average, you can expect to pay between $20 million and $30 million for a used ultra-long-range heavy jet and up to $65 million for a new model.
• Airliners: The most luxurious and largest option for private jets, airliners may have features like a full bathroom or a cocktail lounge onboard. They can also travel more than ten hours in one trip. Airliners are also the priciest option, with different models selling for upwards of $440 million.

Prices can also differ based on what amenities and customization you choose for the plane. Plane owners can choose custom furniture, personalized decor and even different rooms.

New private jets

The price for a brand-new private jet ranges from about $3 million to $660 million. The price is determined by many factors, including the size, maker, range, customization and what the jet offers, like the engines and avionics.

Used private jets

Though secondhand jets are cheaper, they still cost millions of dollars. For instance, a pre-owned 2015 G550 S/N 5497 was listed for over $32 million on the Gulfstream website in March 2023.

How much does it cost to maintain a private jet?

The purchase price of a private jet represents only a fraction of the cost of owning one. The price of a private jet depends on its size, the number of passengers it can hold and the distance it can fly.

Fuel is one of the highest costs for private jets. Planes with larger fuel tanks for long-range flights require more fuel. For example, the Bombardier Global 7500 has a fuel capacity of over 51,000 pounds.

Aside from fuel, you’ll need to consider costs like staffing your plane, storing it when you’re not using it and ongoing maintenance. Operating costs differ based on the type and size of crew and what kind of service they offer.